The Global Association for Strategic Talent Management
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Recruitment and Your Bottom Line: Measuring the Financial Impact of Enterprise Recruitment Management
Research:At the same time that the pool of top talent is becoming increasingly tighter and more fragmented, the thirst for it is growing. The burgeoning knowledge economy in North America and Europe has helped fuel the global outsourcing phenomena, which grows hand-in-hand with the rapidly expanding economies of Asia and elsewhere. Everywhere, there are emerging growth companies, many of them talent-intensive, that offer new products, services, and ideas to industries and consumers alike. These companies are fishing in the same talent pool as larger, more established companies. They must make every penny of their recruiting budget count. In this paper, several of the top people in the field enterprise recruitment management discuss their science, particularly as it pertains to the needs of emerging growth companies. The panelists will discuss: - The financial impact of recruiting - The current reality of the marketplace today - The challenges of measuring financial impact - Best practices The paper will also provide an example of enterprise recruitment management through the use of a link to illuma's recruitment calculator.
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Recruiting and Your Bottom Line - Measuring the Financial Impact of Enterprise Recruitment Management
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While you may be having success managing your internal recruiting function, calculating the financial impact of this function on your business may be something you've never had to do until now. Using job boards, search firms, technology and staff -all part of the recruiting cost model-may be yielding positive results for your company. But what if you were able to achieve even better results while reducing your costs by 30%?
In this webcast, we will explore how effective financial management of your recruiting function impacts your bottom line. Using a live example, we will discuss how to perform an honest assessment of your recruiting operation and show you a simple method of measuring the financial impact of recruiting on your company using an Enterprise Recruitment Management model. Finally, we will provide you with a tool that makes it possible for you to implement these concepts today. more »
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